Jordan’s jobless rate rises to 14.7% in Q2

By bne IntelliNews July 28, 2016

Jordan’s unemployment rate increased to a worrying 14.7% in the second quarter of 2016 from 14.6% in Q1 and 11.9% in Q2 2015, amid lower hiring in the construction and agricultures sectors, the statistics office (DoS) said. Fierce illegal competition from Syrian refugees undertaking low-skilled jobs that Jordanian tend to avoid is also weighing on the index.

Favourable seasonal hiring in H2, mainly during the peak summer (tourism) season and end-year festivities, will likely help cut the jobless rate by end-year.

Jordan’s economic activity opened the year on a weak note with real GDP growth slowing to 2.3% y/y in the first quarter of 2016 from a 2.6% annual expansion the preceding quarter, as growth lost steam across the key economic sectors despite remaining afloat. The agriculture sector expanded by a real 6.4% y/y in Q1, braking from 14.1% y/y in Q4 2015, and contributing just 0.22pp, down from 0.57pp the previous quarter.

The construction sector grew a mild 2.6% y/y in Q1 2016 due to high base effects and lower GCC investments amid falling oil prices.

The unemployment rate among men grew to 12.9% in Q2 from 12.7% in Q1 while that among females decreased to 22.8% from 23.7% in Q1.

The bad news is that the jobless rate among people with high education remained high in Q2 despite falling to 18.6% from 20.2% in Q1.

The highest rate of unemployment was recorded in the age group 15-19 and 20-24 years by 40.2% and 33.3% respectively. The highest jobless rate was recorded in the Ajloun province at 19.5% and the lowest rate was recorded in Amman governorate at 12.1%.

Related Articles

Egypt could return to emergency rule amidst deadly bomb explosions

A spate of explosions in Egypt over the long weekend marking the birthday of Prophet Mohamed culminated in the detonation of a bomb at a church attached to the Coptic Christian Cathedral that ... more

Egypt’s inflation spikes post November currency floatation, rate hike expected

Egypt’s annual inflation rate spiked in November to hit its highest levels since July 2008, reflecting the effects of the general rise in price levels of goods since the Egyptian pound’s ... more

Samba said to take Saudi Oger to court, torpedoing talks on standstill deal on $3.5bn debts

Saudi Arabia’s Samba Financial Group has taken Saudi Oger to court, torpedoing efforts by the latter to negotiate a standstill agreement on at least SAR13bn ($3.5bn) of debt, which could have major ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss